Insider Selling: Cirrus Logic (NASDAQ:CRUS) EVP Sells 8,913 Shares of Stock

Cirrus Logic, Inc. (NASDAQ:CRUS) EVP Andrew Brannan sold 8,913 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $119.06, for a total transaction of $1,061,181.78. Following the sale, the executive vice president owned 5,950 shares in the company, valued at $708,407. This represents a 59.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cirrus Logic Price Performance

Cirrus Logic stock traded up $0.07 during midday trading on Tuesday, reaching $115.51. The stock had a trading volume of 538,047 shares, compared to its average volume of 616,339. The firm’s fifty day simple moving average is $124.05 and its two-hundred day simple moving average is $112.16. Cirrus Logic, Inc. has a twelve month low of $75.83 and a twelve month high of $136.92. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 18.08 and a beta of 1.11.

Cirrus Logic (NASDAQ:CRUS) last issued its earnings results on Tuesday, November 4th. The semiconductor company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.32 by $0.51. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The business had revenue of $560.96 million during the quarter, compared to analysts’ expectations of $540.45 million. During the same quarter last year, the firm posted $2.25 earnings per share. Cirrus Logic’s revenue was up 3.5% compared to the same quarter last year. Cirrus Logic has set its Q3 2026 guidance at EPS. As a group, sell-side analysts predict that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

Analyst Ratings Changes

CRUS has been the topic of a number of research reports. Barclays upped their target price on Cirrus Logic from $90.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Wall Street Zen downgraded shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Williams Trading set a $150.00 price target on shares of Cirrus Logic in a report on Wednesday, November 5th. Susquehanna upped their price target on shares of Cirrus Logic from $140.00 to $155.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Finally, Zacks Research raised Cirrus Logic from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CRUS. Vanguard Group Inc. raised its holdings in Cirrus Logic by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 6,622,431 shares of the semiconductor company’s stock worth $829,724,000 after acquiring an additional 268,560 shares during the period. LSV Asset Management grew its position in shares of Cirrus Logic by 6.4% in the first quarter. LSV Asset Management now owns 2,402,284 shares of the semiconductor company’s stock valued at $239,400,000 after purchasing an additional 145,524 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Cirrus Logic by 0.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,590,744 shares of the semiconductor company’s stock worth $158,518,000 after purchasing an additional 4,403 shares during the period. Earnest Partners LLC lifted its position in shares of Cirrus Logic by 0.8% during the 3rd quarter. Earnest Partners LLC now owns 1,348,710 shares of the semiconductor company’s stock worth $168,980,000 after purchasing an additional 10,750 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Cirrus Logic by 98.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company’s stock valued at $111,380,000 after purchasing an additional 553,169 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Cirrus Logic Company Profile

Cirrus Logic, Inc, a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems.